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Polkadot

DOT/USDT - Potential Short ScenarioHello Traders! DOT is moving in a downtrend, developing a falling phase. We can expect a new consolidation in the buyers' area of interest at $3.90 - $5.40. It is possible to make medium-term purchases of the asset after the culmination of the sales. It is better to accumulate a position near the support level of $3.90 in the range of $3.90 - $4.60 It will be possible to continue to hold the position with the aim of fixing profits near the price level of $8.25 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Short
by UnknownUnicorn10064030
1
#Polkadot is up 37% from 2022 Pits; DOT Resistance at $12Past Performance of Polkadot DOT prices are relatively steady at spot rates but are up roughly 37 percent from 2022 lows. Bears still have an advantage and are in charge of the current trend. Notably, prices are oscillating inside the recent wide-ranging bear bar of May 18. This bar is inside the main sell candlestick of May 11, pointing to struggling bulls unable to contain the strong wave of selling pressure. DOT is up three percent in the past 24 hours at spot rates. #Polkadot Technical Analysis Currently, the primary trend is bearish. The immediate resistance levels stand at $12, flashing with May 11 highs, and the middle BB, the flexible liquidation level. This preview cancels bull optimism resulting from the series of higher highs relative to the lower BB from May 13. Every retracement towards $12 may see sellers liquidate with targets at May 2022 lows of around $7.5. However, there could be clear opportunities if DOT prices slide below $9.3. Risk-averse traders, bullish on DOT, must wait until there are solid gains above $12. Ideally, the expansion ought to be with rising trading volumes. This may build the foundation for another leg up to $14, retesting the Q1 2022 lows. What to Expect from #DOT? Polkadot has an active ecosystem with a novel model for scaling. As crypto prices recover, DOT will likely rise with the tide. Presently, DOT is in a precarious position and may dump if bulls fail to hold above key support levels. Resistance level to watch out for: $12 Support level to watch out for: $9.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Polkadot (DOT) - May 18hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSDT 1W Chart) The key is whether you can get support and rise in the volume profile section formed in the section 9.26-10.13. In order to continue the upward trend in the medium to long term, it should rise above the 18.42-19.37 section. (1D chart) Since 9.26-10.13 is a mid- to long-term investment area, careful trading is required. Therefore, it is important to see support by moving above 13.64. However, since a volume profile section is also formed around 19.37, it is expected that the upward trend can be continued only when it rises above 19.37. Therefore, below the 19.37 point, you need to conduct a transaction by purchase unit price to increase the number of coins you have in a transaction method that increases the number of coins for profit. If possible, we recommend making a full-fledged investment in Jinhae after confirming the support at 19.37. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
POLKADOT - ROAD TO $200Good morning traders. DOT/USDT the pair for today, lets begin. In light of the recent Bitcoin dump, a lot of alts have found themselves at strong support, some below it and stables depegging from the dollar. Question is, are we at the bottom now? While i may not be able to clarify if we are at the bottom or not, it doesn't feel like it, I can however say this is a very good buying opportunity for many alts. From the chart above we have the DOT price back at July 2021 levels, very strong support area. It could however make it's way down to our worst case scenario region which is also in line with the 1.236 fib support level dependng on Bitcoin's price action. So far we have a Regular flat formed on the chart which in theory has it's C wave to be 61.8%-123.6% of wave AB. Whether or not this is the bottom it is still a very good buying opportunity (but don't take my word for it). If the Elliott wave theory is correct (and has been so far), targets for our wave 3 range from $175-$240 dollars(red zone) depending on where the bottom will be. In the blue zone we have our Take profit region just to ensure we take some of the table in the case of exhaustion. I expect this to fulfil over a lengthy timeframe given the state of the market but, you never know. If you agree with this Idea pls like, share and comment your thoughts below. As always feedback is appreciated!
Long
by RektMyMom
6
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
Polkadot Polkadot Only one step left, Polkadot came to the edge of the abyss. Polkadot, as part of a downward up-trend on D-1, has fallen to critical lows since early April and approached its historical key support at $12.00, breaking through which risks losing investment interest and, as a result, its liquidity and recovery potential in the short term. The level of $13.00 is not only the middle of the channel and intermediate local support for the downward dynamics, this level may well be a good start for a test of the channel trendline breakout, followed by an attempt to restore its liquidity as part of medium-term purchases. The support level of $12.00 is critical and in case of its breakdown, Polkadot risks updating the historical low of $10.00 per coin.
KRAKEN:DOTUSDShort
by Kuznetsov_Sergey
#btcstarburst Hope Can Still Exist…For a minute I was thinking and believe we are definitely going down… down!! However here still is a very real possibility, long shot maybe, but still… Let’s say there are so many people accumulating and buying the dips, this is why there is such a change in the market. At this level people are trying to accumulate as much as they can on many BTC and other projects… The crypto market as a whole seems to be slightly off. Bitcoin apparently should be at lower levels by now… Its not, DCA SAFELY Buy what you can when you can… We always could go lower this is a Gann study I would expect Bitcoin to play out in this form possibly hitting the green at 32k… Just a Model
FTX:BTCUSD
by Jonnycatx
DOT on support, three price targets possibleHello everyone, let's take a look at the 1H DOT to USDT chart. As you can see, the price is moving below the local downtrend line. Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07 Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86. Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.
by cryptodailyuk
1